Healthcare Automatic Identification And Data Capture (HAIDC) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

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Healthcare Automatic Identification And Data Capture (HAIDC) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : January, 2023 | Healthcare IT

Report Digest

Healthcare Automatic Identification And Data Capture Market: Overview

The need for reduction of errors in healthcare service and patient care delivery is a key driver for growing interest in healthcare automatic identification and data capture (HAIDC) systems. HAIDS has been formed a key enabler for increasing patient safety. One of the use of HAIDC in securing the supply chain. Over the years, countries such as Netherlands, France, Canada, and Japan have been increasingly supporting the adoption of linear and 2-D barcodes, propelling the evolution of the HAIDC market. The number of barcoded products delivered to healthcare providers has risen remarkably in recent years. AIDC has been used in ensuring the compliance regulations in the healthcare industry.

The healthcare AIDC market has also seen an extensive adoption of RIFD tags and the adoption of IT systems that can support not just such barcodes but also data acquisition. Some of the prominent technologies in the healthcare AIDC market are barcode, RFID, and biometrics.

Healthcare Automatic Identification And Data Capture Market: Key Trends

The study on the healthcare AIDC market offers in-depth, evidence-based assessment of key developments in the healthcare industry and IT systems that boost the prospects. The insights takes a closer look at recent implementation trends and the factors that have been at the forefront of the vendor negotiations. Gaining access to such insights will surely help business players to formulate their growth strategies in the healthcare AIDC market.

The healthcare AIDC market has gained large revenues gains on the back of rapidly growing demand for range of hardware-based components, notably printers, scanners, readers, and cards.

Over the years, the healthcare AIDC market has benefitted from the demand for non-clinical applications. Of all, their use in supply chain management of healthcare products has been constantly spurring new prospects in the healthcare AIDC market.

Over the years, hardware manufacturers and software developers in the healthcare AIDC market have been leaning on ensuring a fail- safe implementation. They are exhorting end users to put forth re-engineering concept on understanding their requirements in more tailored way. This will also improve the success of AIDC. Further, top players in the healthcare AIDC market are striving to achieve a degree of interoperability to meet the high regulatory standards in the healthcare industry.

Healthcare Automatic Identification And Data Capture Market: Competitive Dynamics

A growing number of players in the healthcare AIDC market are aiming at ensuring supply-chain standards systems. Numerous companies are constantly aiming at unveiling hardware tracking aimed at patient care in hospitals.

Some of the emerging industry stakeholders in the healthcare automatic identification and data capture market are moving on the path of acquisitions to facilitate the unveiling of new systems. An emerging application is the utilization of AIDC systems in tracking medical and biological products and shipments. Top players are also in constant search value-grab opportunities in developed markets.

Healthcare Automatic Identification And Data Capture Market: Regional Assessment

The healthcare AIDC market is expected to see considerable growth avenues in North America and Europe. The presence of several top players in these regions keeps these increasingly lucrative. There also seems a high degree of competition in these regional markets, reason having to do the constant urge to unveil new products and application areas.

On the other hand, Asia Pacific countries in recent years have witnessed a rise in implementation of RFIDs. The growth of the Asia Pacific healthcare AIDC is also bolstered by the increasing investments in hospital IT.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?